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January 28th, 2016 AFP- Chinese e-commerce giant Alibaba revenue jump 32 percent year-on-year for the quarter ending in December, it said in a statement Thursday, despite slowing growth in the world's second-largest economy. Alibaba, which dominates the consumer-to-consumer market in China, said revenue reached $5.33 billion (CNY 34.54 billion or...
CHINA

January 23rd, 2016 Chinese Twitter-like platform Sina Weibo will cancel its 140-word limit, a move Twitter is reportedly considering. Sino Weibo management team has sent a letter to its developers on Wednesday. However, Weibo users have always been allowed to write posts longer than 140 words. But previously they were required to type the extra content...
CHINA

January 13th, 2016 Chinese conglomerate Dalian Wanda Group has bought U.S. film studio Legendary Entertainment for about $3.5 billion, turning its chairman into a Hollywood movie mogul as China's richest man steps up a drive to diversify his business empire overseas. At a news conference in Beijing on Tuesday, Wanda Chairman Wang Jianlin said he plans to...
CHINA

January 11th, 2016 Uber Technologies Inc said on Monday its China unit will get an undisclosed amount of investment from Chinese firm HNA Group as part of a partnership of the U.S. ride-hailing firm with the aviation and shipping conglomerate. The partnership, which marks Uber's ambitions to break into China's huge tourism industry, includes an array of...
CHINA

January 10th, 2016 Every country has its own set of rules and regulations when it comes to setting up a business. China is no exception, but what are some of the challenges for foreigners setting up a business in China? Michael Michelini, will tell you how? A, 34 years, old Shenzhen-based American internet dude helping western companies leverage Chinese...
CHINA

January 9th, 2016 Beijing, Jan 9 (PTI) - China's country code domain '.cn' has become the world's most commonly used in the internet with 16.36 million users, surpassing Germany's '.de' domain. According to the data released yesterday by the China Internet Network Information Centre (CNNIC), which manages the domain, '.cn' had 16.36 million users by...
CHINA

January 8th, 2016 LAS VEGAS, United States, Jan. 6 (Xinhua) -- Chinese drone maker Ehang on Wednesday, unveiled the world's first drone capable of carrying one passenger, which might help achieve the long-standing dream of automated short-to-medium-distance everyday flights. The electrically powered Ehang 184, unveiled at the 2016 Consumer Electronics...
CHINA

December 26th, 2015 Beijing/Reuters- Technology companies have nothing to fear from China's new anti-terror law which aims to prevent and probe terror activities and does not affect their copyright, China's Foreign Ministry said on Wednesday, rebuffing U.S. criticism as unwarranted. The draft anti-terrorism law has caused concern in Western capitals as...
CHINA

December 23rd, 2015 BEIJING, Dec. 22 (Xinhua) -- Against the backdrop of the global struggling for economic recovery and the worsening situation in some emerging markets in 2015, China's economy has remained a strong engine for the world economy. Though the Chinese economy has changed to a "new normal" of more sound and slower growth, it continues to...
CHINA

November 9th, 2015 China plans to crack down on the sale of fake goods online by using cloud computing, big data and tighter rules on user identity in its latest moves to quash counterfeiting. China has been trying to reign in its counterfeiters, who have copied everything from Apple iPhones to Louis Vuitton handbags, since it joined the World Trade...
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